India Food & Beverage Packaging News

Recent industry report about India Food & Beverage Packaging company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Food & Beverage Packaging Market industry experts.

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India Food & Beverage Packaging News

  • May 2022: UFlexIndia, one of the largest multinationals in flexible packaging materials and solutions, unveiled its range of value-added, sustainable products and solutions set to rewrite the packaging story for brands and converters in this competitive landscape. The company launched FLEXCOAT AQUABAN Coating for Corrugation Boxes, a water-repellent coating for kraft paper used as an inner liner on the corrugation boxes that helps maintain the structural integrity of corrugated boxes in transit movement. It can even stand well during extreme weather conditions to preserve perishable goods. A versatile water-based coating, FLEXCOAT AQUABAN complies with the FDA guidelines.
  • April 2022: Online food delivery platform Zomato announced 100%' plastic neutral deliveries' from April 2022 onward while also setting a target to deliver more than ten crore orders in sustainable packaging over the next three years. The company will partner with various stakeholders working on innovative solutions and models in packaging for the restaurant industry, including government-led initiatives, social enterprises, and startups.
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  • August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
  • May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 
  • October 2023: Sonoco ThermoSafe played a pivotal role in increasing pharmaceutical shipments in/out of Asia-Pacific. According to the temperature assurance packaging company, Pegasus ULD performs up to 300+ hours, equivalent to 13 days without human intervention, providing temperature control for 2 to 8°C payloads.
  • February 2023: Gerresheimer AG entered an agreement with Corning Incorporated, a glass manufacturer with tubing and vials. The deal aims to improve access to Corning’s branded vial tech platform, Velocity Vials. The collaboration will reportedly enable Gerresheimer to convert Corning’s platform above into glass form, enhancing product quality, lowering manufacturing costs, and speeding the delivery of injectable therapies. With production in Gerresheimer’s existing facilities, vials are expected to be immediately available in North America, Europe, and Asia.
  • March 2024: Adare Pharma Solutions, a leading global CDMO specializing in oral dosage forms, unveiled plans for additional investments in its Pessano facility in Milan, Italy. The expansion primarily targets bolstering blister packaging and warehousing capacities, underscoring the rising significance of plastic packaging within the pharmaceutical landscape.
  • January 2024: Boehringer Ingelheim announced plans to expand its manufacturing plant in Koropi, Greece, with a significant EUR 120 million investment. This strategic initiative is geared toward ramping up production capacity for a range of medications, spanning cardiometabolic diseases, mental health, and pulmonary conditions. Such investments are poised to catalyze market growth.
  • May 2024: SLMG Beverages, Coca-Cola India’s independent bottler, collaborated with Dalmia Packaging to establish a PET bottle recycling plant in India. For this recycling plant, which will have an annual capacity of 36,000 MT and produce 24,000 MT of plastic for PET bottles, the two companies plan to invest INR 0.9 to 1 billion (USD 10.7 million to USD 11.99 million).
  • November 2023: With a new legal act entering force extended producer responsibility (EPR) for packaging in Croatia, the new packaging legislation imposes a mandatory deposit system for single-use beverage packaging, which coexists with the semi-voluntary deposit system for returnable packaging.
  • August 2022: Seal Packaging introduced fresh eco-friendly packaging options. The first UKCA-marked plastic-free paper cups, the It's Not Paper bag collection, a workable and ecological replacement for conventional paper bags, and the Compostabowl are just a few of the new, creative goods now being introduced.
  • June 2022: SIG completed the acquisition of Scholle IPN, a flexible packaging solution provider with an enterprise value of USD 1.53 billion. The acquisition is expected to enable SIG to offer sustainable, low-carbon packaging solutions across a broad range of categories and product sizes.
  • August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
  • May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 
  • January 2024 - The Fedrigoni group, a speciality paper manufacturer for luxury packaging and other creative applications, self-adhesive labels and materials, and RFID and connectivity solutions acquired Arjowiggins China. The paper factory in Quzhou manufactures transparent papers sold under the Gateway and Sylvicta brands for applications such as industrial design and graphics for food, consumer electronics, or luxury packaging located in the Zhejiang Province.
  • December 2023 - The State Bank of India invested in the paper packaging industry by injecting INR 49.99 crore (USD 6.04 million) into Canpac Trends Private Limited, a company based in Ahmedabad specialising in paper-based packaging solutions. SBI invested in Canpac Trends with a view to capital appreciation, highlighting the growth and profitability potential of the paper packaging industry.
  • August 2024: Nestlé Nigeria has introduced its iconic breakfast cereal, Golden Morn, now featuring sustainable packaging. This initiative aligns with Nestlé's global recycling vision. The new packaging highlights Nestlé's commitment to ensuring that over 95% of its plastic packaging is recyclable by 2025. Additionally, the packaging incorporates eco-friendly materials, further emphasizing Nestlé's dedication to sustainability.
  • April 2024: Pharmaconex West Africa is set to debut in Nigeria. The event will spotlight Active Pharmaceutical Ingredients (APIs), Generic APIs, Machinery & Process, Packaging Materials, and Finished Dosage Forms (FDF). It's open to a wide array of professionals in the pharmaceutical and medical laboratory sectors, encompassing manufacturers, distributors, suppliers, consultants, researchers, and regulators.
  • January 2024: Recircle Brands, a visionary company in the eco-friendly products sector, announced the launch of Bagups, a groundbreaking trash bag dispensing system. Its unique design ensures that a new bag is always ready for use, eliminating the inconvenience of traditional trash bag replacement. The product's environmental impact is significantly reduced by using biodegradable materials, minimizing plastic waste, and reducing the overall carbon footprint.
  • January 2024 - Agfa and EFI proudly announced that they entered a global strategic partnership to leverage each other's cutting-edge technologies. The collaboration between two industry leaders marked a significant milestone in the wide-format inkjet printing arena. Within the partnership framework, Agfa will integrate EFI's roll-to-roll system into its offerings, while EFI will incorporate Agfa's high-end hybrid inkjet printers into its suite of solutions.
  • October 2023 - Kodi Collective revealed that it had added LSC Print Solutions' long-run offset print facility in Maple Grove, MN, to its array of print services. This move expands Kodi Collective's offerings to include long-run offset print, complementing its short- and medium-run offset print, digital print, marketing procurement, and creative production services.

Food Packaging Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)